PETALING JAYA: The construction sector will benefit from the 38% jump in Budget 2021 development expenditure allocation to RM69bil although concerns about execution risks and political uncertainties remain, according to research analysts. Maybank Investment Bank (IB) Research said it remained positive on the construction sector, as the surge in gross development expenditure presents sizeable order book replenishment […]
Read MoreGDP figures to dominate Bank Negara Malaysia governor Datuk Nor Shamsiah Mohd Yunus is expected to release third quarter gross domestic product (GDP) data on Friday. IHS Markit projects the Malaysian economy to contract at an annual rate of 8.6% in the third quarter, slower than the minus 17% in the second quarter. ING Asia […]
Read More[KUALA LUMPUR] Malaysia’s industrial production grew for a third straight month in September, rising 1 per cent from a year earlier, though the pace of growth was below expectations, government data showed on Monday. It was lower than the 1.7 per cent expansion forecast for the month by analysts in a Reuters poll. The output […]
Read MoreBANGKOK: Border trade between Malaysia and Thailand in the first nine months of the year fell 17.23% to 175.10 billion baht (100 baht = RM13.50) as border closure to curb the spread of Covid-19 has disrupted normal economic activities. Foreign Trade Department director-general Keerati Rushchano said Thailand’s cross-border trade with neighbouring countries – Malaysia, Myanmar, […]
Read MorePETALING JAYA: The “new normal, ” brought upon by the Covid-19 pandemic, has had minimal effects on property-buying sentiment, according to a survey by CGS-CIMB. Citing the survey, the research house said 41% of respondents had unchanged interest in property investment following the Covid-19 outbreak. It added that 39% had decreased interest, while 20% had […]
Read MoreKUALA LUMPUR: Western Digital, a leading digital storage equipment manufacturer, has decided to invest an additional RM2.3 billion to upgrade its facilities and boost its production capacity in Malaysia. “This was agreed on during a meeting between Prime Minister Tan Sri Muhyiddin Yassin and group chairman of Western Digital Malaysia, Datuk Dr Syed Hussian Aljunid, […]
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